VNUE Inc (VNUE)

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$VNUE News out!! VNUE, Inc CEO Pens Op-Ed for Music Industry Blog Hypebot.com


New York, NY, March 13, 2017 (GLOBE NEWSWIRE) -- Hypebot.com, a leading music technology blog, today posted an article authored by VNUE, Inc. (OTC: VNUE) CEO Zach Bair. The article details, from Bair’s experience in the music industry, the issues surrounding the current “blanket” license agreements required of small businesses that have music by performance rights organizations (PROs), the lack of transparency, and the comprehensive solution that VNUE is developing to directly address these issues. Bair and VNUE also recently announced a partnership with the Fairness in Music Licensing Coalition to bring about copyright reform and to educate the public about the issues which currently exist.

The patent pending VNUE solution is called “MiC™,” for “Music Identification Center,” and Bair expects that, once fully implemented, it will result in a significant uptick in licensed venues, as well as royalties paid to songwriters, composers, and artists. It is estimated that PROs collect in excess of $500M or more from blanket agreements yearly; VNUE estimates that through implementation of the MiC solution that it will be able to double or triple this figure by encouraging many more venues to become licensed through reduction of fees, while at the same time ensuring that the correct rights holders are compensated through accuracy of tracking.

The system is slated to roll out later this year, and revenues from the MiC system, along with VNUE’s forthcoming live music consumer app, are anticipated to be in the $20-30M range for the first full year after rollout.

The Op-Ed article may be viewed in its entirety at:

www.hypebot.com/hypebot/2017/03/stop-the-legalized-extortion-how-to-make-the-live-music-experience-fair-for-all.html

About VNUE, Inc. (www.vnue.com)

VNUE, Inc., (OTC: VNUE) is a VNUE is a music technology company dedicated to further monetizing the live music experience for artists, labels, writers, publishers, and literally all stakeholders, by creating new and exciting products; by leveraging automation technology and second-to-none experience in the instant live space; and by identifying issues such as lack of transparency with performance rights organizations and solving this through innovation and our patent-pending solutions. The VNUE team is the most experienced in our space, a group of technology entrepreneurs, artists and songwriters who are passionate about the future of the industry, and ensuring that the value of the rights holders are not lost in the context of new and ever-changing technology. Our team has produced live content and created experiential products for such artists and companies as Peter Frampton, Bad Company, Devo, Blondie, Wind Up Records, EMI, Capitol Records, and many more.

By (a) selling only live content through our platforms, to include not just major and independent label content, but creating and scaling our own “instant” live exclusive content, (b) processing and paying mechanical royalties on instant live content, and (c), ensuring proper accounting and payment to rights holders of material played in venues, VNUE has a perfect trifecta of solutions that will revolutionize the live music business.

For more information about VNUE, please visit ir.vnue.com.

http://www.otcmarkets.com/stock/VNUE/news/VNUE--Inc-CEO-Pens-Op-Ed-for-Music-Industry-Blog-Hypebot-com?id=153219&b=y